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| SLBC recommends extension of concessions to trade & industry for 2 more years | | | Early Times Report
JAMMU, Mar 24: A meeting of the Sub-Committee of J&K State Level Bankers’ Committee on Relaxations/ Concessions to Trade and Industry in J&K State was held tat J&K Bank, Zonal office, Rail Head Complex, Jammu.
A K Mehta, Executive Director (Convenor Bank) presided over the meeting to consider the extension or otherwise in the period of package of Concessions/ Relaxations to Trade and Industry in the State, which is due to expire on 31st March, 2011.
Consequent upon threadbare deliberations conducted, the Sub-Committee unanimously decided to recommend to Reserve Bank of India that special package of concessions/ relaxations to Trade & Industry in the State be extended by a further period of two years. The meeting was attended by Executive President, J&K Bank, Ajit Singh, Presidents Tafazal Hussain, G. M. Sahibzada and all other members of the Sub-Committee including Reserve Bank of India, SBI, PNB, UCO Bank, SIDBI, IDBI, President, Kashmir Chamber of Commerce & Industry, President, Jammu Chamber of Commerce & Industry, Chairman, Federation of Commerce & Industries Kashmir and Chairman, Federation of Industries, Jammu. Secretary, Industries & Commerce, J&K Government was represented by Director, Industries & Commerce, Jammu.
Earlier, the representatives of Trade & Industry strongly pleaded that the package of relaxations and concessions to Trade and Industry should be further extended for a longer period as it will take time for the industry and trade to come out of the impact faced by it in the past 2 years due to disturbed conditions.
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